By SIMON CONSTABLE
Where’s the imminent recession we were promised a year ago?
Nowhere apparently, but hardly anyone has admitted they were wrong. And that includes Wall Street gurus.
Last June, the finance world was abuzz with pledges that the U.S. economy was barely a hare’s whisker from diving into a recession. Back then, I wrote a column for Time magazine that clearly showed no signs of an imminent recession.
There are still few signs that the economy will contract in the weeks ahead. In fact, the opposite seems true. Read more here.
Carol M. Highsmith , Public domain, via Wikimedia Commons
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